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During the current year, Rayon Corporation disposed or two different assets. On January 1.pnor to their disposal, the accounts reflected the following Original Cost 560,000

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During the current year, Rayon Corporation disposed or two different assets. On January 1.pnor to their disposal, the accounts reflected the following Original Cost 560,000 14,200 Besidual Volve $11,000 Machine Machine Accumulated Depreciation (straight line) $28,000 (years) 7,365 3 years) Estimated Life 7 years 5 years The machines were disposed of in the following ways a Machine A Sold on January 2, for $33,500 cash Machine B on January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removal Required: 1.22. Give the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field) View transaction ist Journal entry worksheet

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